Fundtech Ltd. To Begin Trading on the Tel Aviv Stock
                    Exchange on August 19, 2003

                    JERSEY CITY, N.J., -- AUGUST 19, 2003, -- Fundtech Ltd.
                    (NASDAQ: FNDT), a leading provider of global electronic
                    payments, settlement and cash management solutions,
                    announced today that it will begin trading on the Tel Aviv
                    Stock Exchange on August 19, 2003 in addition to its listing
                    on Nasdaq.

                    About Fundtech

                    Fundtech (www.fundtech.com) is a leading provider of
                    software solutions and services that facilitate payments,
                    settlement and cash management by enabling businesses and
                    their banks to electronically manage cash, process payments
                    and transfer funds. The Company's client-server and Internet
                    software products automate the process of transferring funds
                    among corporations, banks and clearance systems and enable
                    businesses to manage global cash positions efficiently and
                    in real-time. Its solutions have been sold to hundreds of
                    financial institutions around the globe.

                    Forward-Looking Statements:

                    Statements included in this release may contain
                    forward-looking statements. Such forward-looking statements
                    are made pursuant to the safe-harbor provisions of the
                    Private Securities Litigation Reform Act of 1995. Such
                    statements may relate, but are not limited, to projections
                    of revenues, income or loss, capital expenditures, plans for
                    growth and future operations, competition and regulation as
                    well as assumptions relating to the foregoing.
                    Forward-looking statements are inherently subject to risks
                    and uncertainties, many of which cannot be predicted or
                    quantified. When used in this release, the words,
                    "estimates," "expects," "anticipates," "believes," "plans,"
                    "intends," and variations of such words and similar
                    expressions are intended to identify forward-looking
                    statements that involve risks and uncertainties. Future
                    events and actual results could differ materially from those
                    set forth in, contemplated by or underlying the
                    forward-looking statements. The factors that could cause
                    actual results to differ materially from those discussed or
                    identified from time to time in Fundtech's public filings,
                    including general economic and market conditions, changes in
                    regulations and taxes and changes in competition in pricing
                    environment. Undo reliance should not be placed on these
                    forward-looking statements, which are applicable only as of
                    the date hereof. Fundtech undertakes no obligation to revise
                    or update these forward-looking statements to reflect events
                    or circumstances that arise after the date of this release
                    or to reflect the occurrence of unanticipated events.